Park's of Hamilton (Holdings) Limited

Reference number: 308476

Instant download

Authorised by the FCA

This firm is on the FCA register and authorised to carry out regulated activities.

Website, phone number and address

Compare these against whatever you were given. Scammers clone real firm names and reference numbers but use their own phone number and website, so a detail that does not match the register is the clearest warning sign there is.

In the full report: 3 background checks

  • When parks.uk.com first appeared online, and whether it can receive email
  • What kind of line 01698 303900 is, and the 3 other firms that give it
  • Who else gives the postcode ML3 0AY
Instant PDF download
Other names (96)

If you were contacted under any of these names, it is this firm.

  • Alpine Store Leeds Trading name
  • Bentley Glasgow Trading name
  • Douglas Park Trading name
  • Douglas Park BMW Edinburgh Trading name
  • Douglas Park BMW Glasgow Trading name
  • Douglas Park BMW Hamilton Trading name
  • Douglas Park BMW Stirling Trading name
  • Douglas Park Mini Edinburgh Trading name
  • Douglas Park MINI Glasgow Trading name
  • Douglas Park MINI Hamilton Trading name
  • Douglas Park MINI Stirling Trading name
  • Douglas Park Motorrad Trading name
  • Lamborghini Leeds Trading name
  • Lexus Aberdeen Trading name
  • Lexus Carlisle Trading name
  • Lotus Glasgow Trading name
  • McLaren Glasgow Trading name
  • McLaren Leeds Trading name
  • Park's Trading name
  • Park’s Changan East Kilbride Trading name
  • Park's Chery Carlisle Trading name
  • Park's Chery Coatbridge Trading name
  • Park's Chery Dumfries Trading name
  • Park's Chery East Kilbride Trading name
  • Park's Chery Inverness Trading name
  • Park's Chery Irvine Trading name
  • Park's Dacia Ayr Trading name
  • Park's Dacia Brechin Trading name
  • Park's Dacia Coatbridge Trading name
  • Park's Dacia East Kilbride Trading name
  • Park's Dacia Irvine Trading name
  • Park's Dacia Motherwell Trading name
  • Park's Ford Ayr Trading name
  • Park's Ford Elgin Trading name
  • Park's Ford Inverness Trading name
  • Park's Ford Perth Trading name
  • Park's Ford Stirling Trading name
  • Park's Ford Transit Centre Ayr Trading name
  • Park's Ford Transit Centre Inverness Trading name
  • Park's Ford Transit Centre Perth Trading name
  • Park's Ford Transit Centre Stirling Trading name
  • Park's Honda Aberdeen Trading name
  • Park's Honda Ayr Trading name
  • Park's Honda Hamilton Trading name
  • Park's Honda Inverness Trading name
  • Park's Jaecoo Arbroath Trading name
  • Park's Jaecoo Carlisle Trading name
  • Park's Jaecoo Irvine Trading name
  • Park's Jaecoo Motherwell Trading name
  • Park's Jaecoo Perth Trading name
  • Park's Kia Bathgate Trading name
  • Park's Kia Coatbridge Trading name
  • Park's Kia East Kilbride Trading name
  • Park's Kia PBV Bathgate Trading name
  • Park's Kia PBV Inverness Trading name
  • Park's Land Rover Aberdeen Trading name
  • Park's Land Rover Ayr Trading name
  • Park's Land Rover Glasgow Trading name
  • Park's Land Rover Inverness Trading name
  • Park's Land Rover Motherwell Trading name
  • Park's Lepas Ayr Trading name
  • Park's Lepas Coatbridge Trading name
  • Park's Lepas Hamilton Trading name
  • Park's Lepas Inverness Trading name
  • Park's Mazda Ayr Trading name
  • Park's Mazda Inverness Trading name
  • Park's Motor Group Trading name
  • Park's Nissan Ayr Trading name
  • Park's Nissan East Kilbride Trading name
  • Park's Nissan Irvine Trading name
  • Park’s Nissan Motherwell Trading name
  • Park's Omoda Arbroath Trading name
  • Park's Omoda Carlisle Trading name
  • Park's Omoda Irvine Trading name
  • Park's Omoda Motherwell Trading name
  • Park's Omoda Perth Trading name
  • Park's Renault Ayr Trading name
  • Park's Renault Brechin Trading name
  • Park's Renault Coatbridge Trading name
  • Park's Renault East Kilbride Trading name
  • Park's Renault Irvine Trading name
  • Park's Renault Motherwell Trading name
  • Park’s Skoda Dumfries Trading name
  • Park's Skoda Hamilton Trading name
  • Park's Skoda Motherwell Trading name
  • Park's Suzuki Bathgate Trading name
  • Park's Suzuki East Kilbride Trading name
  • Park's Suzuki Irvine Trading name
  • Park's Toyota Aberdeen Trading name
  • Park's Toyota Carlisle Trading name
  • Park's Toyota Dumfries Trading name
  • Park's Toyota Inverness Trading name
  • Park's Toyota St Boswells Trading name
  • Park's Volvo Ayr Trading name
  • Park’s XPeng East Kilbride Trading name
  • Park's (Ayr) Former trading name

FCA permissions and consumer protection

  • Give regulated advice FSCS may apply
    A claim for unsuitable advice is itself FSCS-protected, up to the limit that applies to the product you were advised on.
  • Manage or trade investments FSCS may apply
    Eligible investment and pension claims are typically FSCS-protected up to £85,000 per person, depending on the product and your circumstances.
  • Sell or arrange insurance FSCS may apply
    Eligible insurance claims may be FSCS-protected, often 90%, or 100% for compulsory or long-term cover.
  • Lend or arrange credit No FSCS cover
    Consumer credit is not covered by the FSCS, so there is no compensation scheme if the firm fails.
  • Complaints Ombudsman, free
    You can refer a complaint about this firm to the Financial Ombudsman Service for free, whichever activity it relates to.
Show FCA detail (9 permissions)
  • Advising on investments (except on Pension Transfers and Pension Opt Outs)
  • Advising on P2P agreements
  • Arranging (bringing about) deals in investments
  • Assisting in the administration and performance of a contract of insurance
  • Credit Broking
  • Dealing in investments as agent
  • Debt Adjusting
  • Debt-counselling
  • Making arrangements with a view to transactions in investments

FCA disciplinary action

FCA action

fine
1
in fines
£61.6k
most recent
August 2008
  • Fined £61,600 on 21 August 2008
    On 21 August 2008 the FSA imposed a financial penalty of £61,600 on Park's for breaches of the FSA's Principles and rules in respect of breaches of Principles 9 and 6 of the FSA's Principles for Businesses (the Principles) and associated rules between 14 January 2005 and 31 December 2007 (the Relevant Period) in relation to advised sales of payment protection insurance (PPI) from Park's car showrooms. Park's agreed to settle at an early stage of the FSA's investigation. It therefore qualified for a 30% (stage 1) reduction in penalty, pursuant to the FSA's executive settlement procedures. Were it not for this discount, the FSA would have imposed a financial penalty of £88,000 on Park's. The level of penalty reflects the FSA's announcement in the PPI thematic update of 26 September 2007 that higher fines will be imposed where this is warranted by the nature, seriousness and impact of the breach in question, and by the likely impact on deterrence. These breaches relate to Park's failure to: (1)take reasonable care to ensure the suitability of its advice for any customer entitled to rely on its judgement (Principle 9);and (2)pay due regard to the interests of its customers and treat them fairly (Principle 6). In particular, the following failings in respect of Park's procedures for dealing with customers and its other systems and controls were identified: (1) From January 2007 to December 2007, where Park's sales staff identified that a customer was eligible for a PPI product there was a significant risk that they recommended the highest level of cover available, rather than basing their recommendation on the suitability of the policy for the customer. The document used by the firm to monitor sales states that the largest highest level of cover should be recommended unless the customer is retired or a housewife. Completed monitoring checklists show that advisors were marked negatively if they did not recommend the highest level of cover. This meant that there was a significant risk that sales advisors were encouraged to recommend the highest level of cover without adequately investigating customers' circumstances to ascertain the suitability of the PPI product Park's recommended. (2) From 14 January 2005 to May 2007 Park's did not require its sales staff to gather, and take account of, sufficient information about customers' personal circumstances and objectives when making recommendations, for example the importance of the cost of the policy to the customer, and information regarding any existing cover or pre-existing conditions the customer might have. Park's therefore did not take adequate steps to ensure that its recommendations were suitable. (3) Throughout the relevant period, Park's did not provide its customers with adequate Statements of Demands and Needs (SODANs) to explain why Park's had recommended a specific PPI policy. (4) From 14 January 2005 to early 2007 Park's did not provide its customers with a statement of price. (5) Throughout the Relevant Period, Park's did not have effective systems to monitor its staff. In particular, the monitoring Park's undertook was a purely quantitative check, rather than assessing the quality of advice. (6) Throughout the Relevant Period, where the firm's monitoring did identify failures to comply with regulatory requirements, Park's did not take adequate remedial action regarding those failures. (7) Park's did not assess complaints received from customers at various times in the Relevant Period in a fair manner, and made unjustified and incorrect statements to complainants regarding the approach that the Financial Ombudsman Service (FOS) would take in relation to their complaints. The firm's failings exposed 714 customers to the unacceptable risk of buying PPI policies that were not suitable for them during the Relevant Period. As a result of this, and its complaints handling failures, Park's failed to treat its customers fairly. The fm's failings are viewed as particularly serious because: (1) the failings arose against a background of a series of high profile communications by the FSA highlighting the need for firms to ensure that their PPI sales processes were meeting FSA requirements. In particular, the FSA published a report in November 2005 following its first phase of thematic work on PPI and a published a second report in October 2006 reporting on its second phase of thematic work; (2) the breaches occurred over an extended period. Furthermore in early 2007 changes were made to monitoring which assessed staff against recommending the highest level of cover if the customer was eligible - three months after the publication of the second FSA thematic report on PPI, and after the firm had been regulated for two years; and (3) Parks' amendments to the SODAN were not sufficient to ensure compliance with the FSA's Principles and rules. Park's failings therefore merit the imposition of a substantial financial penalty. In deciding upon the level of disciplinary sanction, the FSA recognised that a factor which mitigates the seriousness of Park's failings is that it began issuing customers with a Statement of Price in early 2007, following the FSA's publication of the Final Notice with regards to Eastern Western Motor Group.

The Financial Ombudsman Service only publishes complaint figures for firms with 30 or more new complaints in six months, so there are none here for this firm.

Companies House record

The company behind the firm: its status, age, registered office and directors.

Company number
SC066568
Company status
Active
Company type
Private limited company
Incorporated
7 December 1978 (47 years old)
Registered office
Park House, 14 Bothwell Road, Hamilton, Lanarkshire, ML3 0AY
Nature of business
  • Activities of head offices (SIC 70100)

Directors and company secretaries

Name Role Born Appointed Other companies
William Cumming Director Jan 1967 4 May 2006 25 other companies
Ross William Park Director Dec 1981 6 Apr 2010 23 other companies
Graeme Thomas Park Director Jan 1984 4 Oct 2012 22 other companies
Alasdair George Noble Director May 1972 17 Nov 2017 24 other companies
Ian Barron Mackay Director Feb 1949 Not published 25 other companies
Alasdair George Noble Secretary Not published 6 Oct 2017 –

Other companies run by these 5 directors

A firm is run by people, and their other companies are their track record: what they built, what closed, and anything that failed. It is the check most people never think to make.

other companies
29
closed down
17
are FCA-registered
3

In the full report: all 29 companies, named

  • What each company does, and whether it is still trading
  • Which of these 5 directors sit on each board, and since when
  • Any that went into liquidation or administration
  • The 3 on the FCA register
  • The 26 companies these 5 directors run together
  • All 18 people who have ever been directors, with their dates
Instant PDF download

Filed accounts and finances

Year to 31 March 2025Full accountsAudited

Turnover

£0

No earlier figure to compare

Profit before tax

£46.9m

No earlier figure to compare

Total equity

£31.1m

No earlier figure to compare

Cash at bank

£10.9m

No earlier figure to compare

About these figures
Turnover
Money taken from sales in the year, before any costs.
Profit before tax
What was left after the year’s costs, before corporation tax. A minus figure is a loss.
Net assets, or total equity
Everything the company owns minus everything it owes. A minus figure means it owes more than it owns.
Total assets and total liabilities
Everything the company owns, and everything it owes, on the last day of the year. The gap between them is its net assets.
Cash at bank
Money in the company’s accounts on the last day of the year.
Owed within a year, owed after a year
Debts and bills due in the next twelve months, and those due later.

Accounts filed at Companies House for company SC066568. Every figure is as filed, apart from total assets and total liabilities, which are added up from filed figures. Nothing is estimated.

Key dates in its history

Park's of Hamilton (Holdings)’s history from the FCA register and Companies House, newest first.

Key events (9) All events (136)

2024

29 October 2024

  • Douglas Ireland Park gave up control
  • Park's Of Hamilton (Investments) Limited took control (75–100% of shares)

Companies House

2016

6 April 2016

  • Douglas Ireland Park took control (75–100% of shares)

Companies House

2014

4 December 2014

  • Regulated by the FCA from this date

FCA register

2013

31 March 2013

  • No longer regulated by the Financial Services Authority

FCA register

2008

21 August 2008

  • Fined £61,600 by the FCA

FCA register

2005

14 January 2005

  • Regulated by the Financial Services Authority from this date
  • Became authorised by the FCA

FCA register

1978

7 December 1978

  • Incorporated at Companies House

Companies House

In the full report: all 136 events

  • All 136 events in its history (9 shown here)
  • Every director appointment and resignation: 27
Instant PDF download

Firms connected to Park's of Hamilton (Holdings)

Other FCA-listed firms that share a director, phone number or address with Park's of Hamilton (Holdings). A link shows who the firm is tied to, not whether either can be trusted.

connected firms
3
share a director
3
share its phone number
3

In the full report: all 3 connected firms, named

  • How each is linked: shared directors (3), the same phone number (3), the same postcode (3)
  • Who links each one: the named directors, with dates
Instant PDF download

Firms like Park's of Hamilton (Holdings)

Other firms of the same type (insurance broker), nearest first.

In Hamilton

Kyle SwanHamiltonAuthorised

In the Motherwell (ML) postcode area

CK Scotland LimitedLanarkRegistered for money laundering rulesDavid PatersonStrathavenAuthorisedGeorge WeightmanLanarkshireAuthorisedKirkton Ins Brokers LimitedWishawAuthorisedAtmos Financial Solutions LtdLarkhallAppointed representative

Firms are listed by type and location, best known first. Being listed is not a recommendation: check any firm before you deal with it.

Get the full report on Park's of Hamilton (Holdings)

Everything on this page, plus everything locked above, in one dated PDF you can keep, file or send on.

  • 29 other companies its directors have run, named
  • 3 background checks on its contact details
  • All 136 events in its history
  • 3 connected firms, named, and who links them

Instant PDF One-off payment Secure checkout by Stripe

Frequently asked questions about this firm

Is Park's of Hamilton (Holdings) Limited FCA authorised?
Yes, Park's of Hamilton (Holdings) Limited (FRN 308476) is authorised by the FCA to carry out regulated activities. It has held its current authorisation since January 2005 and works as an insurance broker. The FCA has placed no limits on its permissions.
What is Park's of Hamilton (Holdings)’s phone number and website?
The FCA register lists the phone number 01698 303900 and the website parks.uk.com for Park's of Hamilton (Holdings). If you were given different contact details, use these to check with the firm before going any further. The same number is also given by 3 other FCA firms.
Is Park's of Hamilton (Holdings) a scam or clone?
Park's of Hamilton (Holdings) is a genuine FCA-listed firm, and the FCA has published no warnings about fake versions of it. Scammers do copy real firms, though, so check that any contact details you were given match the ones on the register.
Is my money safe with Park's of Hamilton (Holdings)?
Its FCA permissions do not allow it to hold or control client money. It depends on the product, but eligible claims may be protected by the FSCS. You can also refer complaints about Park's of Hamilton (Holdings) to the Financial Ombudsman Service, free of charge.
Who owns Park's of Hamilton (Holdings)?
Park's of Hamilton (Holdings) is owned by Park's Of Hamilton (Investments) Limited, which holds 75–100% of shares, 75–100% of votes and can appoint and remove the board, since 29 October 2024. Before that, it was controlled by Mr Douglas Ireland Park.
Who runs Park's of Hamilton (Holdings)?
Companies House lists 5 directors of Park's of Hamilton (Holdings): William Cumming, Ross William Park, Graeme Thomas Park, Alasdair George Noble and Ian Barron Mackay.
How long has Park's of Hamilton (Holdings) been in business?
The company was formed on 7 December 1978, and has held its current FCA authorisation since January 2005.
What do Park's of Hamilton (Holdings)’s latest accounts show?
Its latest accounts, to 31 March 2025, show turnover of £0 (no earlier figure to compare) and profit before tax of £46.9m (no earlier figure to compare).
Has the FCA taken action against Park's of Hamilton (Holdings)?
Yes. The FCA register records 1 fine in 2008, £61,600 in total. The details are in the disciplinary section above, with links to the FCA's notices.
Does Park's of Hamilton (Holdings) use any other names?
It trades as Alpine Store Leeds, Bentley Glasgow, Douglas Park, Douglas Park BMW Edinburgh and Douglas Park BMW Glasgow, and 90 more names. It has previously used the name Park's (Ayr).

Sources and links

The full report on Park's of Hamilton (Holdings) Limited

£19.99 · Instant PDF download

Loading secure checkout…